IFSC Code, MICR Codes for STATE BANK OF INDIA in MAHARASHTRA - GREATER BOMBAY - MUMBAI - MASJID BUNDER MUMBAI

STATE BANK OF INDIA RTGS HO Branch in MUMBAI - Address, IFSC, MICR Code


IFSC Code

SBIN0001863

MICR Code

400002055

Branch

MASJID BUNDER MUMBAI

Contact

0

Address

PB NO.5211RAJGOR CHAMBERSPT NO.99STN.LOW LEVEL ROADMUMBAI400009

City

MUMBAI

District

GREATER BOMBAY

State

MAHARASHTRA





What is IFSC Code of STATE BANK OF INDIA situated at MASJID BUNDER MUMBAI- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at MASJID BUNDER MUMBAI - RTGS-HO is

SBIN0001863

What is the meaning of IFSC Code, MICR Codes in Banking industry?
IFSC or Indian Financial System Code is the code allocated to all banks branches. Bank branches use this code to participate in RTGS and NEFT transactions.

What is the significance of IFSC Code and how we can use it?
IFSC Code is a 11 digit code and we can use this code to communicate between different branches of different banks. Upon receiving the request for fund transfer it is easy for a bank to identify the payee branch. First four characters are code of bank, last six digits are branch code and fifth character is left 0, for any future use.